To ask you what you would do with an inheritance?

[scoobyloobyloo]

If you owned your house outright and had no debts and a decent amount of savings - what would you do with 200k? Theoretically speaking of course :)

I didn't inherit anywhere near that amount but what I did with mine was a boat, a sports car a bit of savings and some home improvements and settle all my debts.

I would have had just enough to buy a small holiday home. I decided against it because I didn't think I could be bothered with the maintenance. I have had nowhere near as much enjoyment from the boat and the car as I thought I would and wish I'd bought property and had a holiday of a lifetime.

I also bought myself a piece of jewellery and I like having something to keep.

kath I have had some snide comments about how foooooortunate I am to be mortgage free, to have a holiday home, to not have to rush to find a job after graduating and wait till the right one comes along, to not have to worry about money. Not from good friends but more from acquaintances.

I point out that losing both my parents by the age of 35 wasn't really a stroke of luck. I would rather have my mum and dad and live in a shed. However, they both worked and saved hard for a retirement they never got to enjoy and I know they would approve of me enjoying the money they have left me (and my sister). Particularly the caravan as mum planned to buy one when she retired and bring the kids out west for weekends. She passed away 3 months before she was due to retire, so I'm honouring it for her.

Good friends wouldn't dream of jealousy and are pleased the kids and I can enjoy what we have after a couple of really horrible years. I also like to think I share the joy - I've been able to help out several friends who have been struggling short term and people will be joining us in the van over the summer.

Agree welsh.
My mum was 88 when she passed and they could have it all back if she was still here with me.
People can be so thoughtless can't they.

Pay off my mortgage, put some away for the kids, go on fab holidays and give some to my mum so she can cut her hours in work.

Welsh - yes I too would much prefer to have my mum back than the inheritance. The work windfall was a bonus I didn't expect at this point in time and was more than expected anyway. It was difficult to talk about at work because it tended to be the older generation who had bought shares 15-20 yrs ago that benefitted most.

But - a colleague who got a similar amount as me, and was one of the few I did talk to, had a heart attack in late October, spent a few weeks in hospital and died in Dec. I attended his funeral just before xmas. That really hit me hard, and made me realise you never know when your time is up and you cant take money with you.

I'd buy a holiday home in southern Italy.

It's near family and friends, we love going.

Save a good chunk (maybe half) spend some on a buy to let property (soz) and then spend a little on a nice holiday, get a new bathroom, fix various house bits. Id buy a Citroen DS3 as well because we can't have one now because we need a 5 door and I want one. If I've got 200k I can have two cars.

Give my brother a big chunk of money. Increase my savings.